Natural gas futures moved higher in June and to date are moving bit lower in July. Current futures pricing mirrors year ago pricing. Current level of gas in storage is 3.14 trillion cubic feet (tcf) which is easily higher than last year at this time (2.64 tcf). Recall how hitting 3 tcf by November 1st […]
May 2016 Electricity and Natural Gas Update
Energy futures pricing continues to be “low and range bound” however, we’re coming into summer heat season as well as forecasting for hurricane activity in the Gulf of Mexico. Hot summer means potential for higher electricity and natural gas pricing; predictions for an active hurricane season also impact direction (higher) of energy prices. We’re in […]
August 2015 Electricity & Natural Gas Update
We continue to write same basic message – there’s plenty of natural gas both in storage and “on the pipelines” resulting in stable, lower pricing (attachment makes this clear). Locking in your gas supply price for two or three years is a “must do” in most utilities here in New York state. If you’re not […]
July 2015 Electricity & Natural Gas Update
Wishing all of you an enjoyable Fourth of July holiday. Per the attached you’ll note NYMEX natural gas futures virtually unchanged over last 90 days — we’ve had a few small price spikes along the way however, things always settle down due to robust production and fact that we’re running a supply surplus year-on-year. Current […]
June 2015 Electricity and Natural Gas Update
You’ll note virtually unchanged pricing since April 30th. First things first, below is latest information on gas in storage, per U.S. Energy Information Administration: NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage […]
May 2015 Electricity & Natural Gas Update
Per the attached you’ll note virtually unchanged natural gas futures pricing during month of April. Robust gas production continues, keeping prices in check. Moving forward, it’s all about summer temperatures – if upcoming forecasts call for warmer-than-normal temperatures we could see higher pricing. Conversely, if normal or cooler-than-normal temperatures are forecast we may see lower […]